The movie industry in a country is controlled by six large studios that receive 90 percent of the annual revenues from movies. This is an example of a(n) ________
A) pure competition
B) monopolistic competition
C) oligopolistic competition
D) pure monopoly
E) government monopoly
C
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The mode that represents the highest percentage of U.S. transportation costs in recent years is ______.
A. air B. pipelines C. water D. truck
According to your text, which of the following is a major part of ease of doing business?
A. fairness B. dependability C. reliability D. convenience E. profitability
Adjustments are necessary to bring an asset or liability account to its proper amount and also update a related expense or revenue account.
Answer the following statement true (T) or false (F)
Narchie sells a single product for $50. Variable costs are 60% of the selling price, and the company has fixed costs that amount to $400,000. Current sales total 16,000 units. If Narchie sells 24,000 units, its safety margin will be:
A. $200,000. B. $1,000,000. C. $1,200,000. D. $400,000. E. None of the answers is correct.